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ES Finishing 3rd Drive

The ES seems to be finishing its 3rd drive below are my reasons for this and my expected target.
Drives 1, 2 & 3 are practically equidistant ( drive 2 is off by a few points)
Pull Backs A & B are both 61.8% of their respective prior drive.
Both drives 1 & 2 and subsequent Pull Backs have taken the same amount of time to occur. Currently drive 3 has taken the same amount of time as 1 & 2.
Drive 1 occurred at the beginning of 2012 and began its Pull Back at approximately the end of March which resulted in Pull Back "a"
Using Pull Back a & b to project Pull Back c, the ES should retrace to around 1433, which is also 61.8% of drive 3.
Since this has been a very strong uptrend I am using a very tight stop @ 1566.00 and taking profit @ 1433 or when price action indicates the retracement is over.
Also, comments are welcome, the only way to learn to trade better is through constructive criticism
Drives 1, 2 & 3 are practically equidistant ( drive 2 is off by a few points)
Pull Backs A & B are both 61.8% of their respective prior drive.
Both drives 1 & 2 and subsequent Pull Backs have taken the same amount of time to occur. Currently drive 3 has taken the same amount of time as 1 & 2.
Drive 1 occurred at the beginning of 2012 and began its Pull Back at approximately the end of March which resulted in Pull Back "a"
Using Pull Back a & b to project Pull Back c, the ES should retrace to around 1433, which is also 61.8% of drive 3.
Since this has been a very strong uptrend I am using a very tight stop @ 1566.00 and taking profit @ 1433 or when price action indicates the retracement is over.
Also, comments are welcome, the only way to learn to trade better is through constructive criticism
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。